Expert, localized Los Angeles answers provided by Heather Roy

Ask Heather about: Mortgages, Finance, Taxes or Home Selling?
  

Short Sale

  Hello,
Who pays possible over due taxes on a Short Sale?
If not over due, whats the process?
Thank you very much!
 
  A short sale has to be arranged with the mortgage company, and they set the rules -- assuming they agree to a short sale at all.  Most buyers won't take a house if it brings past-due taxes with it -- some might I suppose.  Every case is different, every contract is different.  That's about all I can tell you.
    Edith
Originally published on June 13, 2008
 
    Back to Summary